GXO Logistics, Inc. (NYSE:GXO) CEO Malcolm Wilson Buys 10,000 Shares

GXO Logistics, Inc. (NYSE:GXO) CEO Malcolm Wilson bought 10,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were acquired at an average price of $49.95 per share, for a total transaction of $499,500.00. Following the transaction, the chief executive officer now directly owns 100,814 shares in the company, valued at approximately $5,035,659.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

GXO Logistics Price Performance

GXO stock opened at $47.94 on Friday. The stock’s 50 day moving average price is $50.67 and its 200 day moving average price is $53.77. The firm has a market cap of $5.73 billion, a P/E ratio of 34.49, a PEG ratio of 1.49 and a beta of 1.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.94 and a current ratio of 0.94. GXO Logistics, Inc. has a 1 year low of $47.90 and a 1 year high of $67.57.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.38 billion. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 earnings per share. On average, sell-side analysts expect that GXO Logistics, Inc. will post 2.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

Several hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its stake in shares of GXO Logistics by 3.4% during the third quarter. Janney Montgomery Scott LLC now owns 16,448 shares of the company’s stock valued at $965,000 after buying an additional 542 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of GXO Logistics by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,390 shares of the company’s stock worth $65,300,000 after purchasing an additional 26,197 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of GXO Logistics by 31.7% during the third quarter. Van ECK Associates Corp now owns 3,845 shares of the company’s stock worth $226,000 after purchasing an additional 926 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of GXO Logistics by 15.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,103 shares of the company’s stock valued at $593,000 after purchasing an additional 1,342 shares during the period. Finally, Pathstone Family Office LLC acquired a new position in GXO Logistics in the third quarter valued at $642,000. 90.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GXO has been the topic of a number of analyst reports. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price target on the stock in a research note on Wednesday, March 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $70.00 price target on shares of GXO Logistics in a research note on Tuesday, May 14th. Wells Fargo & Company started coverage on shares of GXO Logistics in a report on Friday, June 7th. They issued an “overweight” rating and a $58.00 price target for the company. Stifel Nicolaus reissued a “buy” rating and set a $74.00 price objective on shares of GXO Logistics in a report on Wednesday, May 15th. Finally, Loop Capital dropped their target price on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and an average price target of $68.85.

GXO Logistics Company Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.